Humectants Market To Expand Industry Growth At USD 17.66 Billion By 2030
San Francisco, 3 March 2023: The Report Humectants Market Size, Share & Trends Analysis Report By Product (Sugar Alcohol, Alpha Hydroxy Acid, Glycols), By Application (Food & Beverages, Oral & Personal Care), By Region, And Segment Forecasts, 2022 - 2030 The global humectants market size is estimated to reach USD 17.66 billion by 2030, growing at 6.5% CAGR, according to a new report by Grand View Research, Inc. Growth can be attributed to the increased demand from the cosmetic industry for skincare products due to change in lifestyle of people as a result of increased disposable income. The increasing demand for enhancing the shelf life of perishable products also remains an important factor for growth. The rising demand for the compounds used for product effectiveness, increasing shelf life, and retaining moisture have increased dramatically which is driving the humectants market. Besides their usage in food and beverages, the cosmetic and pharmaceutical sector also